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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject6/18/2001 4:35:57 PM
From: xaver17   of 6873
 
NOPT - perfect timing - "good news" came out at 3:48 pm

and NOPT closed fine at $ 4.50. Hope it will make it over $ 5.- and I will look for a few more shares to borrow.

biz.yahoo.com

NEON Communications Finalizes New Financing From Northeast Utilities
WESTBOROUGH, Mass.--(BUSINESS WIRE)--June 18, 2001--NEON® Communications, Inc. (NASDAQ:NOPT - news) and Northeast Utilities (NYSE:NU - news) announced today the finalization of an agreement under which NU has provided $15 million of additional financing to assist in the continued expansion of NEON's fiber optic network.

NU, New England's largest electric utility system, and NEON have entered into a purchase agreement for $15 million in the form of 18% subordinated notes due in 2008. NU may convert the subordinated notes at any time into NEON common stock at a conversion price of $6 per share, or 2.5 million shares, subject to certain anti-dilution provisions. NU, an original investor in NEON, already owns nearly 4.8 million shares of NEON's 21.3 million shares of outstanding common stock.
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